Asset securitisation, mortgage bonds and ordinary bonds traded
on AIAF grew by over 700%
EQUITIES
Trading in equities in April followed the significant growth trend begun in January. Trading volumes on the Spanish market through SIBE reached € 54.8 bn in April, an increase of 46% from the same month in 2003. Average daily trading volumes in this month were € 2.7 bn.
Volumes traded from January reached € 224.6 bn, which represents a 49% increase on the same period last year. The figure sets the best-performing four months in the history of the Spanish securities market.
The IBEX 35® index was up 1.14% in April. During the same month the Ibex 35 index with dividends grew by 1.32%. The return on the index in the four months of 2004 was 4.81% and that on the Ibex with dividends was 5.77%. An interesting point is the return on the Ibex Nuevo Mercado in April, which was 3.42%.
The value of trading on the Latibex market in 2004 increased by over 53% with respect to the same period last year, posting € 123 million.
WARRANTS AND CERTIFICATES
Trading volumes on the warrants and certificates market in April 2004 came in at € 182 million, showing a daily average of € 9 million. So far this year trading volumes on this market were € 727 million, compared to € 644 million traded in the same period last year, which represents a 12% increase.
DERIVATIVES
Futures and options traded through MEFF in April 2004 were over 2,020,734 contracts. It is worth mentioning the heavy trading activity for futures on the IBEX 35® index, with 362,313 contracts traded, a 32% increase compared to April 2003. The number of contracts traded on the Mini IBEX futures was 119,464, a 13% increase on the same period last year.
CORPORATE DEBT
Corporate Debt trading on AIAF in April was € 41.4 bn, a 28.4 % increase compared to the same period last year. Accumulated trading volumes in 2004 came in at € 160.9 bn, 39 % up on last year.
Worth noting is the significant growth trend in asset securitisation, with € 10.3 bn traded in April, 737% up on the same month last year. Also important was the trading in mortgage bonds and ordinary bonds, which posted an increase of over 700%.
GOVERNMENT DEBT
Government Debt trading on SENAF in April reached € 23.5 bn, a decrease of 48.2% compared to the same month last year. In April SENAF accounted for 76.70% of electronic debt trading in Spain and 100% of the repos market.
